Commercial Real Estate Market in Simla, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 35 off-market properties in Simla, CO.
Market Trends
Simla, CO spans 136.1 square miles in Elbert County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Simla, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Simla, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Simla, CO runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Simla, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 4.9%
- Agricultural 1.8%
Largest Zones share of zoned land by district
S
Residential Agriculture
Agricultural
Residential
Residential (R-1)
The Residential district is intended to provide for low density, single family and two family residential development in a stable and quiet neighborhood setting.
Market overview
Demographics & Economy
Simla, CO has 870 residents in 372 households. Density runs 6 people per square mile. Median household income here is $75,469 and median gross rent $1,141 a month.
870
Population
372
Households
2.3
Avg Household Size
43
Median Age
23%
College-Educated
97%
High-School Grad
136.1 sq mi
ZIP Area
6
Density / Sq Mi
$75,469
Median Household Income
$34,395
Median Earnings
$1,141
Median Rent
$242,700
Median Home Value
Tools
Nearby Markets
Commercial property in Simla, CO asks $0/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Simla?
Commercial property in Simla, CO asks an average of $0 per square foot. The 5 most recent recorded sales traded at a median of $87/SF.
Where does Realmo's Simla market data come from?
Realmo compiles Simla, CO figures from 6 recent recorded sales, 2 active sale listings, 35 tracked off-market properties, the current Simla zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Simla, CO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 410 zoned acres across 4 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
